Barclays PLC Buys 44,335 Shares of Chatham Lodging Trust (NYSE:CLDT)

Barclays PLC grew its stake in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,530 shares of the real estate investment trust's stock after purchasing an additional 44,335 shares during the period. Barclays PLC owned about 0.67% of Chatham Lodging Trust worth $2,922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Chatham Lodging Trust during the fourth quarter valued at about $25,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Chatham Lodging Trust during the 4th quarter worth approximately $68,000. Ballentine Partners LLC bought a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $102,000. Pensionfund Sabic raised its stake in shares of Chatham Lodging Trust by 66.7% in the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust's stock valued at $134,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Chatham Lodging Trust in the fourth quarter worth $155,000. Institutional investors own 88.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating on the stock in a report on Wednesday, April 16th. StockNews.com lowered shares of Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

Chatham Lodging Trust Stock Down 1.2 %

Shares of NYSE CLDT opened at $6.95 on Wednesday. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The business has a fifty day moving average of $7.30 and a two-hundred day moving average of $8.31. The stock has a market cap of $340.18 million, a PE ratio of -30.19 and a beta of 1.49.

Chatham Lodging Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.15%. The ex-dividend date was Monday, March 31st. Chatham Lodging Trust's dividend payout ratio is currently -450.00%.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.

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